Korea
New KB Financial Chairman slams company inefficiency
Vows to bring group back into shape as cost-to-income ratio rose to 54% last year.
New KB Financial Chairman slams company inefficiency
Vows to bring group back into shape as cost-to-income ratio rose to 54% last year.
Kookmin Bank chief to resign before tenure ends
Kang Chung-won's plans of early quitting gives incoming KB Financial chief free rein in reorganising lender.
KB’s new chair seeks 30% company value boost
Euh Yoon Dae vowed to quit post if he could not improve group’s stock value.
Hyundai ends KEB services on bitter note
Group attributes KEB misappraisal and small credit line for its decision.
KB Financial needs 2 years to consolidate lenders
Euh Yoon-dae’s decision gives breather to labor unions that oppose any M&A in banks.
MBK Partners emerges as sole bidder for KEB
Fund is the only bidder that submitted proposal of $4bln as rivals offered less than $3.3bln.
KB Financial chair nominee pitches for Woori deal
Euh Yoon-dae sees Woori as primary target to diversify group’s operations just as Woori wants privatisation.
KB Financial nominates Euh Yoon-dae as Chairman
Euh plans merging with Woori or acquiring KDB despite having little experience in banking.
StanChart ruled out interest in acquiring KEB
SC First Bank Chief Executive, Richard Hill, said their strategy in Korea is an organic one.
MBK Partners eyes bidding for KEB stakes
Reports say company in initial stage of negotiation to acquire 51% KEB stake amounting $3.6bln.
Analysts debate on next KB Financial chair's qualification
Discussion revolves on whether next chair needs to have strong government connections or not.
Korea needs globally competitive bank to weather crisis
Kamco CEO said country needs a megabank capable of attracting stable funding in global financial markets.
Moody's says M&A of Korean banks pose risks
Country's stable credit put on risks as KEB is being sold and Woori privatised.
KB Financial begins choosing next CEO
Three outside personnel search bodies to shortlist bets for interview May 20 and selection by mid-June.
KDB chief not keen on KEB takeover
High price and post-takeover issues discourage local bidders to bid for once popular M&A target.
KB Financial, Woori post above-expected 1Q profit
KB surpassed Woori as the largest Korean financial holding company by assets during the quarter.
Completion of Woori privatization may extend next year
The market monitors progress of move as it may start bank reforms in South Korea.
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